Exchange delay effect: in Argentina a coffee is up to 133% more expensive than in the rest of the countries in the region

In the middle of the controversy generated by the appreciation of weightArgentina became one of the most expensive countries in the region. Is that in 2024, he exchange rate Officer went up 27.65%while the inflation of that period was from 117.8%. In that context, both the average value of coffeeas well as that of the milk and the Gaseous are located above other countries of Latin America.

Today, having coffee in a bar in the city of Buenos Aires costs the equivalent of about $ 3.5, against $ 1.5 Bogotá either Saint Paul, or the 2.5 dollars to be paid in Mexico City either Santiago de Chileaccording to the survey of El Diario Español The country. That is, a 133.3% more expensive in front of Colombia and Brazil, and a 40% regarding Chili and Mexico.

Is the dollar backward?: The opinion of Javier Milei and the economists

“The dollar in no way is expensive, there is no exchange delay”the president sentenced Javier Mileiwhile charged against economists who warn for exchange appreciation, particularly against Domingo Cavallo, whom “unpresentable” and pointed out that “This program is much more successful than convertibility”.

“Naturally, under the current model there is no fiscal deficit, so it is not necessary to issue to finance the treasure, inflation is decreasing and reserves have increased”the president wrote in a column in the newspaper The nationwith the intention of convincing investors that there will be no devaluation.

However, economists and researchers from the Center for State and Society Studies (CEDES) They agreed that it is the second largest exchange appreciation From the departure of the convertibility, after the delay of the August-November 2015 period, which ended with an increase in the dollar of the 67.4% upon arrival of Mauricio Macri To the Presidency.

He BCRA exchange balance showed that As of June 2024, the current account became deficientafter several months of a surplus that was the support of the accumulation of reserves. Now, the government negotiates a new agreement with the International Monetary Fund (IMF)to which according to Milei, “He only lacks the bun” and that will include “funds Fresco ” To add to reservations.

Argentina is expensive compared to the region

Regarding the region there are other products and services that are also more expensive in Argentina. An example is the parking lotthat in the Buenos Aires center it costs U $ 4,5 per hour, while Mexico and Colombia It is close to U $ S2, in Brazil It is located in U $ S4 and in Chili in U $ S3,1.

The pattern is repeated in the liter of milk first brand, which has a cost of U $ 2,2 facing Chile, Colombia, Brazil and Mexicowhere the same product costs U $ S1,2, u $ s1, u $ s1 and u $ s1.5, respectively. This implies that Argentina is up to 120% more expensive than the other countries of the region.

As for the soda can more popular, there is also a big price difference: while in Argentina it has a value of U $ S1.7in Chile, Colombia, Brazil and Mexico It is positioned in U $ S1,3, US $ 0.7, US $ 0.7 and U $ S0.9, respectively, which implies a value difference of up to 142.9%.

However, The biggest gap is at lunch in a central restaurant. While in the Buenos Aires microcentro it costs near U $ S18, in Colombia has a value of U $ S7.5in Brazil of U $ S7.1in Chili of U $ 6,6 and in Mexico of U $ S5. Thus, it is observed that lunch is even 260% more expensive in Buenos Aires that in Mexico Citywhere the cheapest executive menu in the region.

Another example is the case of the clothes and the Electronic productswhich are the most wanted in Chili. While Argentine shopping malls are empty, the cordilleran borders are crowded. There is also a strong average and high -class leak towards the Brazil beachessince the change is beneficial.

At the other extreme, income is not the most suitable for a country with its appreciated currency. Unlike 90’s, when the salary was high in real terms, today the minimum wage It is under the countries of the region, only above Brazil.

Chili It is the country with the highest minimum wage, in the U $ S510; followed by Mexico with U $ S415.53; Colombia (U $ 373.41) and Argentina with (U $ 287.93), only in front of Brazil, that has one of the lowest assets in U $ 248.53according to the journalistic report of the medium CEO based on data from the National Commission of Minimum Wages (Conasami) of Mexico.